On January 22, the Asset Management Association of China announced the monthly report for the private fund management products filed by securities and futures operating institutions in December 2024. In December 2024, a total of 1209 private fund management products were filed by securities and futures operating institutions, representing an increase of 30.28% on a monthly basis and 27.00% on an annual basis; with a total established scale of 511.58 billion yuan, increasing by 16.05% on a monthly basis and 15.12% on an annual basis. In terms of institution types, products filed in December had the highest proportion from securities companies and their subsidiaries. In terms of product types, the average established scale per product of collective products filed in December was 66 million yuan, a decrease of 2.78% on a monthly basis, while for individual products it was 21 million yuan, a decrease of 25.31% on a monthly basis. In terms of investment types, fixed-income products were the main type of products filed in December. II. Existence of private fund management products As of the end of December 2024, the total scale of private fund management products filed by securities and futures operating institutions was 12.18 trillion yuan (excluding social security funds and enterprise annuities), a decrease of 306.56 billion yuan from the previous month, a decrease of 0.25%. In terms of product types, the number and scale of existing single asset management plans and collective asset management plans are similar. In terms of investment types, fixed-income products account for the largest proportion in terms of both quantity and scale among the four types of products, followed by mixed-class products in terms of quantity and equity-class products in terms of scale, while the quantity and scale of futures and derivatives products are relatively small. III. Distribution of the scale of private fund management products managed by securities and futures operating institutions As of the end of December 2024, securities companies and their asset management subsidiaries had an average management scale of 569.34 billion yuan for private fund management products, with a median management scale of 207.11 billion yuan; securities company private fund subsidiaries had an average management scale of 85.83 billion yuan, with a median management scale of 24.65 billion yuan; fund management companies had an average management scale of 353.05 billion yuan for private fund management products, with a median management scale of 102.77 billion yuan; fund subsidiaries had an average management scale of 175.98 billion yuan for private fund management products, with a median management scale of 32.78 billion yuan; futures companies and their asset management subsidiaries had an average management scale of 28.57 billion yuan for private fund management products, with a median management scale of 2.49 billion yuan.